Iclick Interactive Asia Group (NASDAQ:ICLK) Trading 10.8% Higher

Shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) traded up 10.8% on Thursday . The company traded as high as $3.85 and last traded at $3.80, 261,646 shares were traded during trading. An increase of 371% from the average session volume of 55,568 shares. The stock had previously closed at $3.43.

A number of research analysts have weighed in on the stock. ValuEngine raised shares of Iclick Interactive Asia Group from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research cut shares of Iclick Interactive Asia Group from a “buy” rating to a “hold” rating in a research report on Saturday.

The firm has a market capitalization of $195.47 million, a PE ratio of -41.56 and a beta of 1.55. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.01. The stock’s 50-day moving average is $3.70.

Iclick Interactive Asia Group (NASDAQ:ICLK) last announced its quarterly earnings results on Wednesday, May 29th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.03. The firm had revenue of $39.22 million for the quarter, compared to analysts’ expectations of $40.10 million. Iclick Interactive Asia Group had a negative net margin of 20.99% and a negative return on equity of 3.76%. Research analysts predict that Iclick Interactive Asia Group Ltd will post -0.19 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in Iclick Interactive Asia Group stock. Measured Wealth Private Client Group LLC bought a new position in shares of Iclick Interactive Asia Group Ltd (NASDAQ:ICLK) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 315,500 shares of the company’s stock, valued at approximately $1,123,000. Iclick Interactive Asia Group makes up approximately 0.7% of Measured Wealth Private Client Group LLC’s investment portfolio, making the stock its 24th largest holding. Measured Wealth Private Client Group LLC owned about 0.59% of Iclick Interactive Asia Group as of its most recent SEC filing. 0.65% of the stock is currently owned by hedge funds and other institutional investors.

About Iclick Interactive Asia Group (NASDAQ:ICLK)

iClick Interactive Asia Group Limited, together with its subsidiaries, provides online marketing services in the People's Republic of China, Hong Kong, and internationally. The company offers mobile audience solutions, which are non-search engine marketing solutions designed to identify, engage, and activate audience on mobile apps, and monitor and measure the results of online marketing activities on such channels; and other solutions that focuses on identifying, engaging, and activating audience on non-mobile app content distribution channels comprising PC banner displays, PC video advertisements, and search engine marketing.

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